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Bootstrapper Tips
by Shawn Hessinger on November 6, 2007
Why could bootstrapping be an easier approach for the person seeking to start multiple companies or become a serial entrepreneur?
Here are some thoughts:
• Bootstrapping helps you start your company free from debt
• As a result companies with positive cash flow will have a shorter time to profitability
• No encumbrances of debt will make it easier to start a second company (more cash flow, less debt service)
• Additional businesses, like the first, will need less investment using the bootstrapping approach
• Lack of needed upfront investment means less chance of financial over extension with the only added cost being time
• Positive cash flow from an initial bootstrapped startup provides debt free financing for additional businesses.
Have some other points to add? Leave me a comment.
Permalink: Bootstrapping and the serial entrepreneur
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Vote for Bootstrapping and the serial entrepreneur:
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Rating: 1.63 out of 35 vote(s) cast.
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Response from:
Bunk
(11/07/07 7:45pm)
Very nice information on bootstrapping you have here. I will be addint his one to my feed. Keep up the quality blogging.
Response from:
ghfghfgh
(11/16/09 4:10pm)
okey
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